Financial
Distress signals
Property profile

2938 Limited Ln NW Olympia, WA 98502

FOR LEASE
Office buildings
Property ID
US90-1388507
6,520 SF 0.83 ac lot Built 1990
Last sale Oct 2022 · $985,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A corner office suite within a professionally maintained multi-tenant commercial building, configured to provide a private, spacious work environment. The property is located in West Olympia and is positioned for street visibility. The building supports a tenant mix that has included wellness, beauty, and financial service businesses. On-site parking is provided for visitors, with 24 parking spaces available. The suite functions as an office within a commercial setting with established tenant occupancy.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$13k
Tax billed · 2023
Assessed value · 2022$1.27M
Assessed land$177k
Assessed improvement$1.09M
Effective rate1.00%

Value estimate

· Sep 2026
$925k
$833k – $1.02M
AI approach$895k
Submarket $/SF estimate$708k
NOI build-up
Gross scheduled income$7k
Vacancy & credit loss−$1k
Operating expenses−$1k
NOI · 520.98% cap applied$4k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$230/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$165 – $383

Cap rate analysis

How does the asset earn?
520.98%
$4k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionTHURSTON

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.6
Parking Facility9.4
Electrical Service8.7

Location

2938 Limited Ln NW Olympia, WA 98502
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1020 5th SW, Olympia, WA 98502-5483 $650,000 Nov 2023 4,370 SF
140 Percival NW, Olympia, WA 98502-5438 $400,000 Oct 2023 5,010 SF
2118 Caton SW, Olympia, WA 98502-1105 $1,225,000 Feb 2023 5,184 SF
909 Lakeridge SW, Olympia, WA 98502-6064 $995,000 Apr 2022 4,568 SF
2635 Parkmont SW, Olympia, WA 98502 $710,000 Sep 2021 7,490 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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